Teva Pharmaceutical Industries Ltd (TEVA) Short Interest Update

Teva Pharmaceutical Industries Ltd (NYSE:TEVA) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 65,701,193 shares, a decline of 6.7% from the January 12th total of 70,392,179 shares. Approximately 6.5% of the company’s shares are sold short. Based on an average daily volume of 16,651,324 shares, the short-interest ratio is presently 3.9 days.

Teva Pharmaceutical Industries (TEVA) opened at $18.52 on Wednesday. Teva Pharmaceutical Industries has a twelve month low of $10.85 and a twelve month high of $37.94. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $18,430.00, a P/E ratio of -1.14, a price-to-earnings-growth ratio of 1.37 and a beta of 0.59.

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Teva Pharmaceutical Industries (NYSE:TEVA) last posted its earnings results on Thursday, February 8th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The firm had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.29 billion. Teva Pharmaceutical Industries had a positive return on equity of 14.52% and a negative net margin of 72.66%. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 EPS. sell-side analysts expect that Teva Pharmaceutical Industries will post 2.73 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of TEVA. Calton & Associates Inc. purchased a new stake in shares of Teva Pharmaceutical Industries in the 4th quarter worth approximately $108,000. Penserra Capital Management LLC purchased a new stake in shares of Teva Pharmaceutical Industries in the 3rd quarter worth approximately $129,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Teva Pharmaceutical Industries in the 3rd quarter worth approximately $171,000. Global Financial Private Capital LLC purchased a new stake in shares of Teva Pharmaceutical Industries in the 4th quarter worth approximately $193,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of Teva Pharmaceutical Industries in the 4th quarter worth approximately $197,000. Institutional investors own 51.93% of the company’s stock.

TEVA has been the topic of a number of research analyst reports. Goldman Sachs Group boosted their price target on Teva Pharmaceutical Industries from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Credit Suisse Group restated an “underperform” rating and set a $8.00 price target (down previously from $14.00) on shares of Teva Pharmaceutical Industries in a report on Monday, November 6th. Morgan Stanley upgraded Teva Pharmaceutical Industries from an “underweight” rating to an “equal weight” rating and set a $18.00 price target on the stock in a report on Friday, December 15th. Royal Bank of Canada set a $11.00 price target on Teva Pharmaceutical Industries and gave the company a “sell” rating in a report on Wednesday, November 29th. Finally, Cantor Fitzgerald set a $10.00 price target on Teva Pharmaceutical Industries and gave the company a “hold” rating in a report on Thursday, December 14th. Ten equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $21.26.

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Teva Pharmaceutical Industries Company Profile

Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.